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Ikea profits rise despite sales falling 8.9% in FY24

In the retail segment, revenues for the group were down 8.9% to โ‚ฌ26.5bn (ยฃ21.9bn), compared to โ‚ฌ29bn (ยฃ24bn) in FY23

Inter Ikea, owner of the Swedish furniture brand, has reported higher profits despite a decline in revenues during the year that ended on 31 August 2024.

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